Dec, 31, 2023 — A.U.B. EMPLOYEES' CREDIT UNION is a federally insured state chartered credit union headquartered in ATHENS, TN with 1 branch location and about $1.75 million in total assets. Opened 59 years ago in 1965, A.U.B. EMPLOYEES' CREDIT UNION has about 245 members offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | A.U.B. EMPLOYEES' CREDIT UNION |
|---|---|
| Address: (Main Office) | 100 New Englewood Rd ATHENS, TN 37303 |
| Phone: | (423) 507-6042 |
| Fax: | (423) 745-6066 |
| Website: | n/a |
| Branches: | 1 branch locations |
| Members: | 245 |
| Credit Union Type: | Federally Insured State Chartered Credit Union |
| Charter Number: | 68161 |
|---|---|
| Membership Type: | State chartered natural person |
| Corporate Credit Union: | No |
| Year Opened: | 1965 |
| Last Audited: | Jul 01, 2023 |
| FHLB Member: | No |
| Low Income Designation: | No |
| Assets: | $1,754,257 |
| CEO/Manager: | Myrl K Vaughn |
| Chairperson: | Sean P Jaquish |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 228,721 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 0 |
| Unsecured Loans | 192,187 |
| Other Loans | 1,320,691 |
| TOTAL LOANS | 1,512,879 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -13,937 |
| Land And Building | 0 |
| Other Fixed Assets | 9,001 |
| NCUSIF Deposit | 16,065 |
| All Other Assets | 0 |
| TOTAL ASSETS | 1,754,257 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 0 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 22,118 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 0 |
| Regular shares | 1,337,288 |
| All Other Shares & Deposits | 0 |
| TOTAL SHARES & DEPOSITS | 1,337,288 |
| TOTAL LIABILITIES | 1,359,406 |
| Regular Reserve | 0 |
| Other Reserves | 66,996 |
| Undivided Earnings | 327,855 |
| TOTAL EQUITY | 394,851 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 1,754,257 |
| INCOME & EXPENSE | |
| Loan Income | 74,919 |
| Investment Income | 315 |
| Other Income | 631 |
| Total Employee Compensation & Benefits | 25,774 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 29,480 |
| Non-operating Income & (Expense) | 0 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 13,937 |
| Cost of Funds | 0 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 6,674 |
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» See also Statement of Financial Condition